Acadian Asset Management LLC Sells 159,969 Shares of Ralph Lauren Corporation $RL

Acadian Asset Management LLC reduced its position in Ralph Lauren Corporation (NYSE:RL) by 41.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,152 shares of the textile maker’s stock after selling 159,969 shares during the quarter. Acadian Asset Management LLC owned approximately 0.37% of Ralph Lauren worth $50,125,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RL. AQR Capital Management LLC lifted its position in Ralph Lauren by 55.7% in the first quarter. AQR Capital Management LLC now owns 1,157,867 shares of the textile maker’s stock worth $245,468,000 after purchasing an additional 414,275 shares during the period. Invesco Ltd. lifted its position in Ralph Lauren by 22.3% in the first quarter. Invesco Ltd. now owns 1,512,903 shares of the textile maker’s stock worth $333,958,000 after purchasing an additional 275,391 shares during the period. GAMMA Investing LLC lifted its position in Ralph Lauren by 24,164.5% in the first quarter. GAMMA Investing LLC now owns 254,292 shares of the textile maker’s stock worth $56,132,000 after purchasing an additional 253,244 shares during the period. Wedge Capital Management L L P NC bought a new position in Ralph Lauren in the first quarter worth $37,517,000. Finally, Trexquant Investment LP lifted its position in Ralph Lauren by 509.5% in the first quarter. Trexquant Investment LP now owns 158,062 shares of the textile maker’s stock worth $34,891,000 after purchasing an additional 132,128 shares during the period. 67.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on RL shares. Wall Street Zen cut Ralph Lauren from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Cfra Research raised Ralph Lauren from a “moderate sell” rating to a “hold” rating in a research report on Monday, August 11th. Bank of America raised their target price on Ralph Lauren from $318.00 to $328.00 and gave the stock a “buy” rating in a research report on Friday, May 23rd. The Goldman Sachs Group lifted their price objective on Ralph Lauren from $262.00 to $324.00 and gave the company a “buy” rating in a report on Friday, May 23rd. Finally, Zacks Research raised Ralph Lauren to a “strong-buy” rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Ralph Lauren currently has an average rating of “Moderate Buy” and a consensus price target of $307.88.

Ralph Lauren Stock Up 0.9%

Shares of NYSE RL opened at $312.72 on Thursday. The stock has a market cap of $18.94 billion, a PE ratio of 24.98, a PEG ratio of 1.57 and a beta of 1.60. The business has a fifty day moving average of $294.73 and a two-hundred day moving average of $261.61. Ralph Lauren Corporation has a 52-week low of $170.26 and a 52-week high of $321.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.30 and a current ratio of 1.84.

Ralph Lauren (NYSE:RL) last announced its earnings results on Thursday, August 7th. The textile maker reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.50 by $0.27. Ralph Lauren had a return on equity of 33.72% and a net margin of 10.91%.The company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the company posted $2.70 earnings per share. The firm’s quarterly revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts expect that Ralph Lauren Corporation will post 12.01 earnings per share for the current fiscal year.

Ralph Lauren announced that its Board of Directors has authorized a share buyback plan on Thursday, May 22nd that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the textile maker to purchase up to 8.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men’s, women’s, and children’s clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, floor coverings, lighting, tabletop, kitchen linens, floor coverings, dining, decorative accessories, and giftware; and fragrances.